JHPI vs VOO
John Hancock Preferred Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | JHPI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.03% | |
| AUM | $218M | $997.4B | |
| Dividend Yield | 5.92% | 1.08% | |
| Holdings | 207 | 509 | |
| YTD Return | +1.00% | +12.68% | |
| 1Y Return | +3.75% | +21.87% | |
| 3Y Return (annualized) | +8.85% | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 8.3% | 14.1% | |
| Max Drawdown | -13.4% | -34.3% | |
| Fund Family | John Hancock Investment Management | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Dec 14, 2021 | Sep 7, 2010 |
JHPI vs VOO Performance
John Hancock Preferred Income ETF (JHPI) is a ETF from John Hancock Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year JHPI returned +3.75% while VOO returned +21.87%. Year to date, JHPI is up 1.00% versus a gain of 12.68% for VOO.
Over three years, JHPI compounded at +8.85% per year against +22.06% for VOO. Across the full 5-year window we track, VOO has the edge at +13.47% annualized vs +3.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 8.3% for JHPI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.4% for JHPI and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JHPI charges 0.54% per year while VOO charges 0.03%. On a $10,000 position that is $54 vs $3 annually, a gap of $51 per year that compounds over a long holding period. On income, JHPI currently yields 5.92% against 1.08% for VOO.
Holdings Overlap
JHPI and VOO share 35 holdings out of 637 unique holdings combined, representing a 4.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JHPI or VOO?
JHPI has an expense ratio of 0.54% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, JHPI or VOO?
Over the past year JHPI returned +3.75% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), JHPI annualized +3.51% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, JHPI or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 8.3% for JHPI. Worst drawdown: JHPI -13.4% vs VOO -34.3%.
Should I hold both JHPI and VOO?
JHPI and VOO have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHPI and VOO?
JHPI and VOO share 35 common holdings with a 4.8% weight overlap. Combined, they hold 637 unique securities.
Which pays a higher dividend, JHPI or VOO?
JHPI yields 5.92% while VOO yields 1.08%, so JHPI currently pays the higher dividend yield.
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